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MIL OSI Translation. Region: Russian Federation –

Source: Central Bank of Russia – Central Bank of Russia –

Only dealers will be able to conclude regular over-the-counter purchase and sale transactions in securities and futures transactions (FIT) with an execution period of 3 days or more with citizens. Thus, such activities will be fully included in the perimeter of regulation and supervision by the Bank of Russia. Such a law acceptedtoday the State Duma.

It is aimed at protecting the rights of investors and will also allow avoiding negative practices in the market, when complex products were sold to citizens by intermediary companies without a Bank of Russia license.

The law also provides that short-term derivatives contracts (with a maturity period of less than 3 days), which have a higher level of risk, will be the responsibility of forex dealers. Additionally, the amount of leverage available to forex dealer clients will be determined depending on whether the investor is a qualified investor or not.

The changes will come into force 180 days after the law is published, which will allow market participants to prepare for the application of the new rules.

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Note; This information is raw content directly from the source of the information. This is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

MIL OSI News (multilanguage service)